Arm, the UK-based chip designer that powers many of the world’s smartphones and devices, is set to make its comeback to the public markets in New York on Thursday with a valuation of $52.3bn (£41.9bn). According to news, the company,…
LONDON, UK: Lincolnshire Housing Partnership (LHP), a registered Housing Association, is in advanced discussions with Ongo Homes regarding the possibility of a strategic business combination. Boston Mayflower Finance PLC, a wholly owned subsidiary of LHP, is poised to play a…
As part of its ongoing hiring slowdown, Alphabet, the parent company of Google, announced on Wednesday that it will reduce its global recruiting team by a few hundred employees. The tech giant said that the layoffs are not part of…
Fabian Gompf is appointed as the new CEO of Web3 Foundation, the organization behind the Polkadot blockchain protocol. He has a strong background in web3 and Polkadot, and will lead the Foundation’s efforts to support the Polkadot ecosystem. He replaces…
Walmart Canada has announced a long-term supply agreement with Hilton Foods, the leading international multi-protein food business, to provide a range of protein products to its Supercentres across the country. Hilton Foods will open a new manufacturing facility in Eastern…
CoTec Holdings Corp. and Mkango Resources Ltd. have announced a 50:50 joint venture to roll out HyProMag’s rare earth magnet recycling technology in the US. HyProMag is a subsidiary of Maginito, which is owned by Mkango and CoTec. The joint…
LONDON, UK: Grafton Group plc, the building materials distributor and DIY retailer with operations in Ireland, the UK, the Netherlands and Finland, announced that Chadwicks has entered into an agreement to acquire Rooneys Homevalue Limited (Rooneys), a distributor of building…
EY, one of the world’s leading consulting firms, announced on Wednesday that it has invested $1.4 billion in artificial intelligence (AI) and launched a new platform called EY.ai, which offers AI-powered versions of its consulting products to businesses. The platform…
Citigroup CEO Jane Fraser has announced a major shake-up of the bank’s management that will result in more job cuts and a simpler structure. The heads of the bank’s five businesses will now report directly to Ms Fraser, who said…
SYDNEY, AUSTRALIA: Vitol Investment Partnership, the largest shareholder of Viva Energy Group Limited, has sold 248.6 million ordinary shares in the Australian energy company, representing 16% of its issued share capital. The sale was done through a block trade agreement…
SYDNEY, AUSTRALIA: Pental and its wholly owned subsidiary Pental Products entered into binding transaction agreements to sell the assets of the Pental Consumer Products business (excluding Duracell and Bondi Soap) and the Shepparton manufacturing facility to Selleys, a division of…
SYDNEY, AUSTRALIA: Equinox Resources Limited (ASX: EQN) has announced the appointment of Mr. Zekai (Zac) Komur as its new Chief Executive Officer, effective immediately. Zac is a seasoned leader with over 23 years of experience in the resources sector, working…